Renaissance Technologies LLC Purchases 82,927 Shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Renaissance Technologies LLC increased its holdings in shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL - Free Report) by 112.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,527 shares of the company's stock after purchasing an additional 82,927 shares during the period. Renaissance Technologies LLC owned approximately 0.81% of Caledonia Mining worth $1,473,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wells Fargo & Company MN increased its holdings in Caledonia Mining by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,651 shares of the company's stock worth $91,000 after purchasing an additional 2,103 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Caledonia Mining in the 4th quarter valued at approximately $103,000. JPMorgan Chase & Co. lifted its stake in Caledonia Mining by 59.3% in the 4th quarter. JPMorgan Chase & Co. now owns 12,031 shares of the company's stock valued at $113,000 after acquiring an additional 4,479 shares in the last quarter. Summit Global Investments bought a new stake in Caledonia Mining in the 4th quarter valued at approximately $148,000. Finally, Potentia Wealth bought a new position in shares of Caledonia Mining during the 4th quarter worth approximately $190,000. 31.78% of the stock is currently owned by institutional investors and hedge funds.

Caledonia Mining Stock Performance

NYSEAMERICAN CMCL traded down $0.31 during trading on Friday, reaching $12.47. The company's stock had a trading volume of 69,924 shares, compared to its average volume of 79,293. Caledonia Mining Co. Plc has a 12 month low of $8.81 and a 12 month high of $16.95. The firm has a 50 day moving average price of $11.91 and a 200 day moving average price of $11.70. The firm has a market capitalization of $239.67 million, a price-to-earnings ratio of 25.98 and a beta of 0.68. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.04.

Caledonia Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, April 4th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend was Friday, April 4th. Caledonia Mining's payout ratio is presently 116.67%.

Wall Street Analysts Forecast Growth

Separately, Maxim Group upgraded Caledonia Mining to a "strong-buy" rating in a research note on Friday, January 3rd.

Caledonia Mining Profile

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.